UK mortgage approvals rebound in June but credit data continues to point to worrying signals

June mortgage approvals 58.2k vs 57.2k expected Prior 56.2k; revised to 56.6k June net consumer credit £1.8 billion Prior £1.7 billion The net borrowing of mortgage debt by individuals in the UK increased to £7.7 billion in June, up from £3.3 billion in May. That comes as net…